Personal

School Rewards Visa Card Disclosure

10.99% - 20.99% when you open your account, based on your credit worthiness. After that your APR will vary with the market based on the Prime Rate.

APR for Balance Transfers

10.99% - 20.99% This APR will vary with the market based on the Prime Rate

APR for Cash Advances

10.99% - 20.99% This APR will vary with the market based on the Prime Rate

Penalty APR and When It Applies

23.15%This APR will vary with the market based on the Prime Rate. This APR may be applied to your account if you: 1. Make a late payment over 30 days past the due date 2. Make a payment that is returned

Default Minimum Monthly Payment

The default payment will be either 3% of the new balance or $10, whichever is greater. The default payment will remain in effect until my account is closed. This Default Payment may be applied to your account if you: 1. Make a late payment over 30 days past the due date 2. Make a payment that is returned

How to Avoid Paying Interest on Purchases

Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on cash advances on the transaction date.

Minimum Interest Charge

If you are charged interest, the charge will be no less than $0.50.

For Credit Card Tips from the Federal Reserve Board

To learn more about factors to consider when applying for or using credit cards, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard

Fees

Annual Fee

None

Transaction Fees “ Balance Transfer “ Cash Advance

“ Foreign Transactions

“ Either $5 or 2% of the transaction amount, whichever is greater “ Either $5 or 3% of the amount of each cash advance, whichever is greater “ 1% of each transaction in US dollars

*The APR for all outstanding indebtedness and new balances relating to Cash Advances may vary monthly and shall be equal to the purchase rate. There is no grace period for Cash Advances. CCU may impose a higher monthly Periodic Rate and corresponding APR (a “Default Rate”) to your account if you fail to pay the total amount due shown on your monthly statement by 30 days after your due date. The Default Rate is Prime Plus** 19.90% but at no time will the rate exceed 23.15%. If you are in the Default Rate you will also have a Default Payment which is 3% of the balance instead of 2% of the monthly balance.

**The Prime Rate used to determine your APR on the first Tuesday of the prior month to the current cycle is published in the Wall Street Journal.

*** The Annual Percentage Rate (APR) you receive will be within the range disclosed above and is based on your credit score but at no time will the rate be less than 11.00% (the floor limit). Higher credit scores receive our best rate. Lower credit scores get our highest rate. Please ask us for the rate that your credit score determines.

In this application “You” and “Your” means the person(s) who request this card. “CCU” and “We” mean California Credit Union. If you are not a member, you hereby apply for membership in CCU. You certify that you are within the credit union’s field of membership. We are authorized to gather whatever credit, account, and employment information we consider appropriate. You authorize CCU to give information concerning CCU’s experience with you to others. You agree to conform to CCU by-laws as well as all applicable terms and conditions set out in the credit agreement. You agree that this application shall govern each and every account you maintain at CCU now and in the future. You agree to pay a $5 nonrefundable membership fee to CCU.

You pledge to CCU and grant CCU a security interest in all your share accounts to secure what you owe. When you are in default you authorize CCU to apply the balance in your individual and joint share accounts at the time of default to pay on amounts due. Shares and deposits in an Individual Retirement Account, and any other account that would lose special tax treatment under state or federal law if given as security, are not subject to the pledge of accounts and security interest you have given in your shares and deposits. You further understand that the granting of security interests is a condition for the approval of the credit card.

If there is more than one applicant, each of you understand and agree that each of you will be individually and jointly liable for payment of all amounts owing on the account. If your application is approved and you have failed to sign the application your consent to the terms of this account will be indicated when the account is activated by balance transfer, cash advance, convenience check, or purchase.

School Rewards Visa®

1% of purchases posted to your account from July through June each year will be rebated. Balance transfers and cash advances are not included in the rebate program. Rebates are paid only on current accounts and are awarded during July each year.

Important information about procedures for opening a new account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

This information is accurate as of 5/20/2013 and is subject to change. To inquire about changes, call (800) 334-8788.